Investing.com - Financial Markets Worldwide
👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

European stocks hit 2-week high on tech, earnings boost

Published 11/05/2020, 04:25 PM
Updated 11/05/2020, 04:30 PM
© Reuters.
UK100
-
SOGN
-
PSMGn
-
STOXX
-
SX8P
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Nov 5 (Reuters) - European stocks hit a two-week high on
Thursday, supported by a handful of strong earnings reports,
more stimulus for Britain's economy, and a surge in Wall Street
stocks as the U.S. presidential election race came down to the
wire.
In its fifth day of gains, the pan-European STOXX 600 index
.STOXX rose 1.0% to hit its highest level since Oct. 20, with
technology stocks .SX8P once again leading the way.
UK's FTSE .FTSE gained 0.6% after the Bank of England
increased its already huge bond-buying stimulus by a
bigger-than-expected 150 billion pounds ($195 billion). .L

French lender Societe Generale SOGN.PA jumped 5.7% after
it swung back to quarterly profit as its equity trading business
continued to recover from a weak start to the year. German broadcaster ProSiebenSat.1 Media PSMGn.DE gained
6.4% after it reinstated its outlook for the full year and
returned to profit in the third quarter.
U.S. stocks jumped 2% overnight and Asian stocks scaled a
near three-year peak as the likelihood of a gridlock in U.S.
Congress made investors optimistic that major policy changes
would be difficult to enact. MKTS/GLOB

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.